Section 31
Lessee Of Collateral
(1) Where a lessee of goods receives delivery of the goods without having knowledge of a security interest in such goods and before the security interest is matured, the security interest in such goods shall have no effect on his or her leasehold interest in such goods.
(2) Even though a lessee in the ordinary course of business knows  that a security interest in such goods is matured and such interest exist, the security interest in such goods shall have no effect on his or her leasehold
interest.
(3) Where a person who leases a serial numbered vehicle leases that vehicle without having knowledge of a security interest in that vehicle or a filed notice does not mention a description of serial number of such vehicle or
mentions such description incorrectly, a security interest in such serial numbered vehicle shall have no effect on his or her leasehold interest;